Olin Corporation Common Stock (NYSE:OLN):
Olin Declares 360th Consecutive Quarterly Dividend.
The company is down from yesterday’s close of $22.24.
The company declared a dividend which was paid on Friday September 9th, 2016. The dividend payment was $0.200 per share for the quarter or $0.80 on an annualized basis. The dividend yield was $3.64. The ex-dividend date was Monday the 8th of August 2016.
The stock last traded at $21.96 which is marginally higher than $20.21, the stock’s 50 day moving average and just above the 200 day moving average of $21.69. The 50 day moving average moved up $1.75 and the 200 day average went up $0.27 or +1.23%.
As of the latest earnings report the EPS was $-0.65 and is projected to be $1.25 for the current year with 165,164,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.24 and the next full year EPS is projected to be $1.43.
Analysts have weighed in on the stock of late. On September 7 the company was changed to a “Underperform” according to a Longbow Research report which was a cut from the previous “” rating. On June 28, 2016 the stock rating was rated “Outperform” in a report from Cowen & Company up from the previous “” rating.
February 5 investment analysts at Susquehanna made no change to the company rating of “Positive” and lowered the price target to $21.00 from $23.00. On February 4 Macquarie kept the company rating at “Neutral” but lowered the price expectation from $23.00 to $19.00.
On February 4 the company was upgraded to “Buy” from “Neutral” in an announcement from Monness Crespi Hardt. On January 7 the company was set at “Buy” by Nomura which is up from the previous “” rating.